Symmetry
EURAUD - short at Weekly price channelWeekly (I), (II) (III): Uptrend, is at wave (IV) to (V)
Daily I, II, III: Uptrend, is at the wave II to III.
H4 (1), (2), (3): Uptrend, is at the wave (6) to (7).
* EURAUD has the Overbought RSI and the Price Channels.
* Waiting for a reversal signal at the smaller time frame.
Note: Daily and H4 group wave is still valid for an uptrend.
AUDJPY - long at WeeklyLook left, the rule of Elliot wave: Wave 1 (61.8), Wave 3 (38.2), Wave 5 (23.6) and RSI = 68 (100-32);
At the present, the same rule occurs: Wave 1 (61.8), Wave 3 (38.2), Wave 5 (23.6) and RSI = 32 (100-68);
Thus, I predict AUDJPY will uptrend when He repeats The Fibonacci's ratio for counting Elliot wave
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Thanks for watching my chart, Good luck to all
CHFJPY - UPDATE CHART 9/2018* CHFJPY will drop at Zone of wave group (I)(II)(III)... Maybe he goes from wave (IV) to (V).
* RSI is over 77 for a sell.
Note: Daily group wave I, II, III... is still valid for buy. Next target is wave VI (at BAT).
Thus should take profit 1 at zone wave Daily at (88-100% fibo).
Target 2 is at Cypher with current Fibonacci's ratios
Thanks for watching my chart. HAVE A NICE WEEKEND.
DXY-SHORT AT BREAK RULE WAVEAfter falling to X (94.90), rising to XI (95.68), then reversing to the reversal point at 120% (94.60), confirming the bearish trend.
At present, the H4 wave group (1) (2) (3) has the rule of recovery at wave (2), according to symmetry wave theory waiting for adjustment of waiting zone (80-100%: 95.08-95.32). Hit down the Weekly timeframe
The 3 Elliot rule targets are:
- 38.2 fibo: 93.64
- 23.6 fibo: 92.85
- 0 fibo: 91.57
stop loss: at wave (2) 95.74
GBPUSD - Long at DailyLast week GBPUSD was beyond 120% Fibonacci extension of Daily wave group (IX is the failure wave). I predict he will go uptrend follow Signal Reversal
- Wait he drop at current retracement group wave (1), (2), (3)... for buy follow the Reversal.
- 120% Fibonacci Extension for Stop loss
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Thanks for watch my predicting
GBPUSD - SHORT AT WAVE VIII TO IXWEEKLY (I), (II), (III): DOWNTREND, WAVE ((I)
DAILY I, II, III: DOWNTREND, is at wave VII - VIII
H4 (1), (2), (3): Uptrend, he is at wave (3)
H1 1, 2, 3: Uptrend, * Now he is at wave 5
Plan: Short now or wait he break rule at H1 sell follow Weekly
Stop loss: 1.29877 (reversal for uptrend)
TP1: 1.27667 (61.8%), TP2: 1.26635 (100%)
USDJPY potential bullish butterfly..50 pip moveLooking at a potential bullish butterfly about to execute... we will see though...price is lining up with prior support from July, price / time appear close to symmetrical, and all the higher time frames appear to be oversold according to the stochastic indicator..will update if trade is executed.
crude oil bullish 121 pattern daily chartHi guys, this is my new analysis on crude oil I think this week crude oil value will go high because of the price touched its bullish trend line of the parallel channel and nice price cluster too and made a bullish 121 pattern
also, it's good to see the RSI divergence.
Potential Play on ADH from $2.05 to $2.13Identified a symmetry pattern present on the daily charts and supported on the hourly charts too. On the daily charts there was a symmetry of 14 bars, with varying % gains. These symmetry positions are taken from an upward analysis, given the stock appears to be trending down (based on shorter time frames).
The hourly chart also supports the entries, however, due to the smaller time frames, there are multiple clusters, but the entry position of $2.05 (zone) to $2.13 (zone) is supported.
From a 15 minute to a 5 minute chart pattern there is no support of this theory.
SEXY TANTRIC SYMMETRY ENDS BEFORE SWITCHING TO HOT NEW POSITION This is a deliberately simple chart. This distorted and skewed symmetry from recent months seems to be coming to an end soon. It is by no means a reliable precedent but the last time symmetry from the March high ended we set our medium-term bottom down in the mid-6's and travelled to knock on the 10K ceiling- some swingers more than doubled their money just by holding ETH or BCH for a month. This is an interesting and bizarre pattern to look at because finding the middle of it (ironically, the middle was around 6/6) seems to dictate where something will eventually shift and change by tracing the patterns to its end. Is it completely meaningless? I don't know. I tend to think that the February bottom was too quick / merely a test, the April bottom was barely enough accumulation and if this does end up being a bottom soon it may give us sideways action lasting longer than we expected... which could also lead to failure and capitulation instead of another prolonged rally. I'm sharing this only because I see it.. not because it gives me direction. No advice here! Just some fun ideas as everyone is now wanting to turn bullish. I do believe we deserve more accumulation in the 4-7K range before any sort of legitimate bull run can occur but don't assume we're going to get it. I am very open to to seeing this becoming a bottom. Is there anything better than a swinger showing you his or her bottom? ;)